A revival of public finances is necessary and both, analysts and politicians are aware of that. Slovak central bank (NBS) governor Peter Kazimir declared on Thursday that the only thing that remains to be seen is what kind of mix of measures is eventually passed and the pace at which the consolidation will proceed. In this context, he praised the fact that caretaker Prime Minister Ludovit Odor and Finance Minister Michal Horvath have drafted and presented a list of proposals for temporary consolidation measures. "Every single measure will hurt some group of people or entrepreneurs. … It's a process that's essential because of where we've found ourselves," underlined the bank’s governor.
Slovakia has a problem with two negative phenomena that have emerged at the same time: the long-term unsustainability of public finances and a relatively high level of public debt.
Source: TASR
